#机构采用与配置 Wow, institutions are really quietly changing their tune 🔥

Previously, everyone was dead set on whether BTC prices could break new highs. Now, institutional analysts are collectively shifting their focus to deeper issues—the potential end of the four-year cycle of Bitcoin. This is the real key!

Looking at the latest data, Coinbase’s BTC premium has been persistently negative, exchange fund inflows have surged to a new high since May 2021, and the monthly foreign exchange trading volume reached $10.9 billion... all pointing to one signal: big capital is not bottom-fishing but cashing out. ETF inflows are being directly absorbed by long-term holders’ sell-offs, which means the impact of new funds is severely weakened.

Interestingly, even top analysts are starting to argue. Tom Lee says BTC is about to break the four-year cycle, and Fundstrat remains bullish, expecting new highs by the end of the year, but Fidelity believes October is the top, and 2026 will be a down year... this divergence itself indicates that the market structure is changing.

The key is Q1 2026—that’s the moment to verify whether the four-year cycle is still valid. The current stage is market friction, not a crash signal. Capital has already entered the market but is hesitating—that’s the real FOMO opportunity 📊